Bitnomial drops SEC lawsuit and plans to launch XRP futures product amid Ripple's legal win
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Bitnomial has decided to drop its lawsuit against the SEC regarding jurisdiction over its XRP futures product. This decision comes as Ripple, the company behind XRP, recently achieved a legal victory. Bitnomial now plans to launch its XRP futures product.
March 19, 2025 | 5:00 pm
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Bitnomial's decision to drop its lawsuit against the SEC and proceed with launching an XRP futures product is likely to positively impact XRP. This move follows Ripple's recent legal victory, which may boost investor confidence in XRP.
The launch of an XRP futures product by Bitnomial, following Ripple's legal win, suggests increased market confidence and potential demand for XRP. This could lead to a positive short-term impact on XRP's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80